Great Eastern Shipping Q4 Profit Drops 60% YoY to ₹363 Crore

12 May 2025 , 10:30 AM

Shipping company Great Eastern Shipping Company Ltd reported a sharply lower Q4 FY25 net profit, down by 60% compared to last year, dropping to a figure of ₹363 crores from a previous level of ₹905 crores. 

The firm also experienced a drop in revenues, which stood at ₹1,223 crore for the quarter an 18.3% drop compared to Q4 FY24’s ₹1,497 crore. Even as it reported a drop in earnings, Great Eastern continued to reward shareholders by declaring a fourth quarter-end dividend of ₹5.40 per share.

This is the 13th consecutive quarter that it has paid dividends, and the FY25 dividend is at a level of ₹29.70 a share. The record date for dividend entitlement is May 15, 2025, and payment will be made on or after June 3, 2025. On the balance sheet side, its Net Asset Value (NAV) on March 31, 2025, held firm at ₹1,406 a share, a testament to its strong asset base.

On the aspect of leadership continuity, the firm’s Board of Directors has recommended the re-appointment of Shivshankar Menon, an independent Director, for an additional term from August 2, 2025, pending shareholder approvals.

The board also approved the reappointment of Bharat K. Sheth as Deputy Chairman and Managing Director for five years from April 1, 2026, pending shareholder consent at the next AGM. Except for that, G. Shivakumar will be retained for a further five years from November 14, 2025, with shareholder approvals on a formality.